Bitcoin mining companies must prove carbon neutrality as new regulations come to play, but are carbon offsets enough?
Green technology News
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Chris Larsen, co-founder of Ripple also joined in on the call, saying Bitcoin is the “outlier” now that Ethereum’s model is set to change.
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Bitcoin miners are helping oil companies cut flaring by using generators running on natural gas that would otherwise be burned.
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In addition to environmental metrics, the U.S. now accounts for 49% of the world's Bitcoin hash rate.
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A recent meetup on Capitol Hill highlighted several key debates that will define the mining industry’s development in the years to come.
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While the world argued about the ethics of crypto, these projects changed the world for the better during 2021.
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Some crypto businesses are starting to calculate their Bitcoin carbon emissions through developments in new models.
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The annual energy consumption of the Tezos network is estimated to be equivalent to the footprint of just 17 people.
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The company projects it can mine up to 25,000 BTC per year by 2024.
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The green Bitcoin mining operator is also en-route to list on the NASDAQ exchange via a SPAC merger.
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The university hopes the move will raise funding for large-scale conservation and restoration initiatives.
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Mercado Bitcoin and Comerc plan to launch two separate tokens incentivizing renewable energy use.
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Carbon offsets could be an important step in the crypto industry’s move toward carbon neutrality, although some experts see them as a pure greenwash.
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Many crypto-mining firms are transitioning to renewable sources of energy to help facilitate their operations.
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Crypto mining’s environmental impact continues to raise concerns with regulators and businesses alike.
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